The Verdict
Kingdom Trust is an excellent choice for investors wanting crypto in their retirement accounts. Their institutional-grade custody, support for 200+ cryptocurrencies, and regulatory compliance make them a trusted option for crypto IRAs.
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Kingdom Trust at a Glance
Founded
2009
Assets Under Custody
$17+ billion
Crypto Support
200+ cryptocurrencies
BBB Rating
A+
Specialty
Cryptocurrency and alternative assets
Best For
Crypto IRA investors
What is Kingdom Trust?
Kingdom Trust is a South Dakota-chartered trust company that specializes in custody services for alternative assets, particularly cryptocurrency. Founded in 2009 and headquartered in Murray, Kentucky, they have become one of the go-to custodians for crypto IRAs.
Kingdom Trust provides the backend custody services for several crypto IRA platforms, including Choice by Kingdom Trust (their consumer-facing product). They hold over $17 billion in assets and support more than 200 cryptocurrencies.
Pros & Cons
The Good
- 200+ cryptocurrencies supported
- Institutional-grade cold storage custody
- A+ BBB rating and regulatory compliance
- $17+ billion in assets - financially stable
- Also supports traditional alternative assets
- 24/7 trading through Choice platform
The Bad
- Fees can be higher than some competitors
- No precious metals option
- Must use their Choice platform for crypto trading
- Less established than traditional custodians
Kingdom Trust Fee Structure
Kingdom Trust's fees vary depending on whether you access their services directly or through a partner platform like Choice:
| Fee Type | Amount |
|---|---|
| Account Setup | $0 - $50 (varies by partner) |
| Annual Custody Fee | 0.5% - 1% of assets (or flat fee) |
| Trading Fee (via Choice) | 1% per trade |
| Wire Transfer | $25 - $30 |
| Account Termination | $75 - $100 |
Fee Comparison: Kingdom Trust's 1% trading fee through Choice is comparable to iTrustCapital. However, iTrustCapital has no monthly fees, while Kingdom Trust may charge custody fees depending on your account structure.
Crypto IRA Options
Kingdom Trust is particularly strong in the crypto IRA space:
Choice by Kingdom Trust
Choice is Kingdom Trust's consumer-facing platform that allows individuals to trade crypto within their IRA. Key features include:
- 24/7 cryptocurrency trading
- Support for 30+ cryptocurrencies
- 1% trading fee
- $0 minimum to open
- Mobile app available
If you want access to all 200+ cryptocurrencies Kingdom Trust supports, you may need to work through a partner platform rather than Choice directly.
Kingdom Trust vs Competitors
| Feature | Kingdom Trust | iTrustCapital | Alto IRA |
|---|---|---|---|
| # of Cryptos | 200+ | 30+ | 200+ |
| Trading Fee | 1% | 1% (flat) | 1% + spread |
| Precious Metals | |||
| Institutional Custody | Via Coinbase |
Who Should Use Kingdom Trust?
- Crypto enthusiasts wanting institutional-grade custody
- Investors wanting 200+ crypto options
- Those prioritizing security with cold storage solutions
- Users of platforms that partner with Kingdom Trust
Who Should NOT Use Kingdom Trust?
- Those wanting precious metals - iTrustCapital offers both
- Fee-sensitive investors - custody fees can add up
- Traditional IRA investors - stick with Equity Trust or similar
Final Verdict
Kingdom Trust is a strong choice for crypto IRA investors who want institutional-grade custody and access to a wide range of cryptocurrencies. Their A+ BBB rating and $17+ billion in assets provide confidence in their stability.
Rating: 4.4/5
Frequently Asked Questions
Is Kingdom Trust legit?
Yes, Kingdom Trust is a legitimate South Dakota-chartered trust company with an A+ BBB rating. They custody over $17 billion in assets and are regulated as a qualified custodian.
What cryptocurrencies does Kingdom Trust support?
Kingdom Trust supports over 200 cryptocurrencies including Bitcoin, Ethereum, and many altcoins. The exact selection depends on which platform you use to access their services.
How does Kingdom Trust store cryptocurrency?
Kingdom Trust uses institutional-grade cold storage solutions for cryptocurrency custody. They employ multi-signature wallets and industry-standard security practices.
What is Choice by Kingdom Trust?
Choice is Kingdom Trust's consumer-facing platform for crypto IRA trading. It offers 24/7 trading, 30+ cryptocurrencies, and a 1% trading fee with no monthly account fees.
Prefer Physical Gold Over Crypto?
If you want tangible assets in your retirement account, consider a Gold IRA. Augusta Precious Metals is our top-rated Gold IRA company.
$50k minimum | Up to 10 years fees waived | A+ BBB Rating